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US Navy Awards RTX’s Raytheon $24.4B for SM-6 Missiles Amid Stockpile Concerns
The five-year deal aims to keep SM-6 interceptors flowing as the Pentagon seeks to rebuild stockpiles and speed weapons production, officials said.
- On Thursday, the Navy awarded RTX's Raytheon unit a multiyear contract worth up to $24.4 billion to produce Standard Missile-6 interceptors for replenishing munitions stockpiles depleted by conflicts in the Middle East.
- The Pentagon is pursuing a series of large munitions contracts this year to pressure contractors into ramping up output faster and address urgent defense needs.
- This five-year contract includes two additional option years to ensure steady SM-6 supply. It follows a $20.7 billion provisional deal for AMRAAM missiles in late September and a $58.6 billion Patriot interceptor award to Lockheed Martin in July.
- Raytheon has invested in workforce expansion and automation to meet rising demand, as these agreements reflect a broader push by Trump to prioritize domestic weapons production over shareholder returns.
- Industry executives warn that Congress has not yet appropriated funding for these deals, leaving contractors unable to invest at scale in facilities or components until lawmakers act.
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Raytheon receives a million-dollar contract to increase the production of missiles, essential in the conflict with Tehran, according to the Pentagon.The agreement seeks to solve the shortage of ammunition, while the US and Israel continue their offensive in the Persian Gulf region.
·Buenos Aires, Argentina
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US Navy awards RTX's Raytheon $24.4 billion contract for Standard Missile-6 amid stockpile concerns
RTX's Raytheon unit won a multiyear contract worth up to $24.4 billion to produce Standard Missile-6 interceptors for the US Navy, the service said on Thursday, as the Pentagon pushes to replenish munitions stockpiles depleted by conflicts in the Middle East.
·London, United Kingdom
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Total News Sources17
Leaning Left0Leaning Right4Center7Last UpdatedBias Distribution64% Center
Bias Distribution
- 64% of the sources are Center
64% Center
C 64%
R 36%
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